Air Berlin to slash capacity in overhaul
Air Berlin is to slash its operating fleet and devote 40 aircraft to operating services for Lufthansa Group, in a significant restructuring that will cost more than 10% of the jobs at the airline. The announcement comes after a long period of mounting losses for Air Berlin, which has struggled to bring down its costs to compete against Ryanair, EasyJet and Eurowings. The airline has required repeated bailouts from Etihad. The company lost E271m on E1.71b turnover in the first half this year. Air Berlin said that its “touristic” business — its charter operations — would be combined in a separate unit “with a view to evaluate strategic options”. Out of its total fleet of 144 aircraft, it plans to provide up to 40 Airbus A320 aircraft to Lufthansa, with Air Berlin operating the aircraft with its crews on behalf of 2 Lufthansa subsidiaries. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-29/oneworld/air-berlin-to-slash-capacity-in-overhaul
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Air Berlin to slash capacity in overhaul
Air Berlin is to slash its operating fleet and devote 40 aircraft to operating services for Lufthansa Group, in a significant restructuring that will cost more than 10% of the jobs at the airline. The announcement comes after a long period of mounting losses for Air Berlin, which has struggled to bring down its costs to compete against Ryanair, EasyJet and Eurowings. The airline has required repeated bailouts from Etihad. The company lost E271m on E1.71b turnover in the first half this year. Air Berlin said that its “touristic” business — its charter operations — would be combined in a separate unit “with a view to evaluate strategic options”. Out of its total fleet of 144 aircraft, it plans to provide up to 40 Airbus A320 aircraft to Lufthansa, with Air Berlin operating the aircraft with its crews on behalf of 2 Lufthansa subsidiaries. <br/>
